Nigeria Corporate Income Tax
Detailed corporate income tax rates and rules for Nigeria in 2026.
Corporate TaxNGN
Nigerian companies pay corporate income tax at 30% on profits. Small companies with turnover under ₦25 million are exempt (0% rate). Medium companies with turnover between ₦25 million and ₦100 million pay 20%. Companies also pay a 2% tertiary education tax on assessable profits. Pioneer industries can receive tax holidays of 3-5 years. Free trade zone enterprises enjoy tax exemptions on manufacturing activities.
Standard Rate
30%
Small Business Rate
0%
How Nigeria Corporate Tax compares
Nigeria’s corporate tax rate of 30% is the 16th highest of 203 countries TaxAtlas tracks, above the global average of 22.2% and Africa’s regional average of 27.1%.
Nigeria
30%
Africa average
27.1%
Global average
22.2%
